How To Use Our Betting Arbitrage Calculator

1. Select the Odds Format: Choose between Decimal, Fractional, or American odds.
2. Enter the Odds: Input the odds from two different sportsbooks offering odds on the same event, following the format shown in the placeholder.
3. Enter the Total Stake: Input the total amount you are willing to wager.
4. Click Calculate: The calculator will show the results, including the stake for each bet, payouts, total profit, and profit percentage.

Using Arbitrage to Make Money in Sports Betting

Traditional sports betting is a purely speculative endeavor. You may build up a formidable level of expertise in a particular sport, conduct thorough research and make educated guesses, but you are by no means guaranteed to make a profit. Hedge betting and arbitrage betting totally flip the script, because they allow you to lock in a profit. You can think of it as investing your money rather than gambling with it. You do not even need to know anything about the sport in question. You simply need to gain a comprehensive understanding of how to hedge a bet and how to calculate arbitrage.

Importance of a Calculator

It can be very difficult to know exactly how much to stake on each outcome in order to guarantee a profit when you spot the aforementioned discrepancies. A hedging calculator and an arbitrage calculator will do all the hard work for you. If you are interested in hedging a bet, you can simply enter the original bet odds into the hedge calculator. Enter the stake you wagered on the original bet and the odds you received, and then enter the odds that are now offered on the alternative result. Click "Calculate" and the hedging calculator will tell you the ideal amount you need to wager on your second bet to lock in the maximum profit.

You could try to do this yourself, but it would require a lengthy period of trial and error, using a basic calculator. You would need to enter lots of different potential stakes until finding the ideal amount to stake on your second bet. A hedging calculator does all the hard work for you, and makes the hedge bet process quick and efficient. You will rapidly learn the bet amount you need for the lay stake in order to secure a guaranteed profit at a particular set of odds, making a hedging calculator invaluable for handicappers.

Why Do Multiple Sportsbooks Offer Different Odds?

There are several reasons why two rival sportsbooks might offer different odds on the same game. The odds compilers at one book might read the game differently to their counterparts at another book. One sports betting site might offer above-average odds on a particular team in order to stand out from its rivals. This is common among new, ambitious sportsbooks. A sportsbook could simply be slow to react to a shift in the market, or an odds compiler may have made a mistake. Either way, you can use arbitrage in betting to seize upon these discrepancies and guarantee that you make a handsome profit.

Differences Between Hedging Bets and Arbitrage Bets

Arbitrage involves monitoring the different odds offered by rival sportsbooks and capitalizing upon discrepancies. You can use the betting odds comparison pages to spot an arbitrage opportunity. For example, let's say Sportsbook A is offering odds of -333 on the Kansas City Chiefs winning a game against the New York Jets, and +293 on the Jets winning the game. Sportsbook B might offer -227 on the Chiefs and +190 on the Jets. If you were to wager $145 on the Chiefs with Sportsbook B and $55 on the Jets with Sportsbook A, you would be guaranteed a profit regardless of which team won the game. One bet wins either way, and you will receive an overall profit.

Hedge betting focuses on taking advantages of line changes. It differs from arbitrage, because you do not need to sign up for multiple accounts at different betting sites. When Conor McGregor fought Donald Cerrone at UFC 246, he opened as the -230 favorite, while Cerrone was the +240 underdog. However, McGregor was a popular pick among bettors, and by the night of the fight he was the -330 favorite, and the odds on Cerrone had drifted out to +270. If you had bet $230 on McGregor winning the fight at -230 when the odds were first announced, you could then bet $90 on Cerrone at odds of +270 on the night of the fight and be guaranteed a profit, regardless of the outcome.